A T20 Task Force on Trade, Investment and Globalization policy brief argues that the world trading system has been remarkably successful in many respects but that the present strain reflects causes which are deep-seated and require a strategic response.

Successive US administrations have tried to pry open India's markets by offering trade concessions to get it to play by the multilateral rules. But as Chad Bown describes, President Trump is now reversing course.

Other Recent Blogs&Reviews:

In this third in a five-post series, Richard Baldwin describes how globalisation played a key role in the Great Divergence, as rapid industrialisation in today’s rich nations sparked modern growth and a historically unprecedented difference between per-person incomes in the global North and South.

In this post, Steven Brakman, Harry Garretsen, and Tristan Kohl discuss why it woud be good news if President Trump and President Xi were to declare at the G20 meeting in Argentina this weekend that they are becoming friends again.

In this post, Richard Baldwin breaks down Phase 2 of globalisation – when the foundations of civilisation were laid – into three stages: the rise of Asia, the integration of the Eurasian landmass, and the rise of Europe.

Germany's current account surplus is among the largest in the world. In this post, Stefano Micossi, Alexandra D’Onofrio and Fabrizia Peirce identify four features of the German economy that are at the root of its external imbalances, and which may indicate that a substantial correction of those imbalances is hardly in sight.